Hi everyone and welcome to weekend reading, where we share some of the best posts we read over the past week. We hope you enjoy them as much as we did. If you haven’t already, please consider following us on Twitter, Facebook, and Google+, where we share the latest in personal finance, debt, retirement, insurance, tax and investments.
Here at AAFS Insurance, we looked at using a joint last-to-die policy to achieve your estate planning goals. In most cases, a joint last-to-die policy is more suitable than single life policies. Add the fact that joint last-to-die policies are more affordable, and the decision for choosing coverage becomes relatively easy.
The Life Annuities blog explains how the new income splitting rules can help you save tax with life annuities.
LSM Insurance recaps the MoneySense Retire Rich 2014 event. The featured speakers tackled many questions surrounding retirement planning, such as the required retirement income, and addresses how to build a perfect portfolio.
Dan at Our Big Fat Wallet explains the types of income splitting that Canadians can employ to lower their overall tax bill. Understanding income splitting has become even more important since the federal government announced a proposal for families with children under 18 to split income.
Mark at My Own Advisor provides several options for short-term savings and explains which ones he prefers. Cash should be liquid, so he suggests against locking your short-term savings in a non-cashable GIC, since it will be subject to penalty if withdrawn prior to maturity.
Since November is financial literacy month, Barry at Money We Have has compiled a list of money terms that everybody should know. These are investment terms that are useful for anybody just starting out.
Steadyhand blog warns of the risks of investing in index-linked notes. As an investor, you must do your due diligence and research these new products advertised by the banks beyond reading the tagline. If a product looks too good to be true, it most likely is.
We hope you enjoy the reads this weekend and be sure to check back next week for a new post. Subscribe to our weekly newsletter on the right side of the page so you don’t miss a single post!